Egyptian billionaire Hisham Talaat Moustafa’s TMG shares top $1 billion again
Hisham Talaat Moustafa's stake in TMG rebounds above $1 billion after a 10% share rally, adding $95 million in 22 days.
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Hisham Talaat Moustafa's stake in TMG rebounds above $1 billion after a 10% share rally, adding $95 million in 22 days.
TMG posts $4.3 billion in H1 2025 sales, driven by high demand for Egypt’s coastal projects and expansion into Oman, Iraq.
Hisham Talaat Moustafa battles a London civil suit linked to a 2008 murder while driving record real estate sales across the Gulf.
TMG enters Oman with two smart city projects, targeting $4.7 billion in sales as it scales its proven Egypt-Saudi urban model across the Gulf.
Under the agreement, Alameda will manage and operate a state-of-the-art hospital within TMG’s flagship Madinaty development in East Cairo.
His plan focuses on housing, infrastructure, and international cooperation to address the crisis.
Hisham Talaat Moustafa’s stake, amounting to 890,566,601 shares, has gained EGP29.46 billion ($321.54 million) in market value since the beginning of the year.
This recovery follows a brief decline of EGP6.03 billion ($124.2 million) between July 9 and Aug. 1
This follows a $59.19 million gain between May 15 and 23, when the market value of his shares climbed from EGP51.4 billion ($1.1 billion) to EGP54.1 billion ($1.16 billion).
The recent upswing follows a decline of EGP5.29 billion ($109.87 million) in his stake in TMG Holdings between April 15 and 22.
Despite the setback and financial challenges, Moustafa remains a prominent figure in the Egyptian business landscape.
Moustafa’s stake in TMG Holdings is worth $311 million.